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  • Published In : Jun 2023
  • Code : CMI5842
  • Pages :129
  • Formats :
      Excel and PDF
  • Industry : Consumer Goods

The global Oil Filter Elements market size was valued at US$ 3.59 billion in 2023 and is expected to reach US$ 5.36 billion by 2030, grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030

The growth of the oil filter element market is primarily driven by the rising demand for both commercial vehicles and passenger cars. This increased demand for vehicles fuels the need for oil filters, contributing to market growth. Furthermore, the market is expected to be boosted by the adoption of advanced technologies like nanotechnology and ceramic filters, which enhance filtration efficiency and performance.

The oil filter element market is segmented based on type, vehicle type, technology, and region. In terms of type, the market is divided into full flow filters and bypass filters. Full flow filters are widely used due to their ability to provide comprehensive filtration of engine oil. On the other hand, bypass filters only filter a portion of the engine oil and are typically used alongside full flow filters to achieve optimal filtration.

Oil Filter Elements Market Regional Insights

  • North America: North America is the largest market for Oil Filter Elements, accounting for a share of over 28% in 2022. North America has a significant presence in the oil filter elements market. The region is characterized by a well-established automotive industry and a large number of commercial vehicles and passenger cars. Stringent regulations regarding vehicle emissions and the emphasis on engine performance and longevity drive the demand for high-quality oil filter elements in this region.
  • Europe: Europe is the second-largest market for Oil Filter Elements, accounting for a share of over 22% in 2022. Europe is another prominent market for oil filter elements. The region has a strong automotive manufacturing base, including renowned automobile brands. The focus on environmental sustainability and the implementation of strict emission standards contribute to the demand for efficient oil filter elements. Additionally, the growing adoption of electric vehicles in Europe presents new opportunities for oil filter elements designed for hybrid and electric powertrains.
  • Asia Pacific: Asia Pacific is a rapidly growing market for oil filter elements. The region is characterized by a booming automotive industry, particularly in countries like China, India, and Japan. The increasing population, rising disposable income, and urbanization drive the demand for automobiles, thereby fueling the need for oil filter elements. Moreover, the expanding industrial sector and infrastructure development contribute to the growth of the commercial vehicle segment and Asia Pacific is the fastest-growing market for Oil Filter Elements, accounting for a share of over 36% in 2022.

Figure 1. Global Oil Filter Elements Market Share (%), by Region, 2023

OIL FILTER ELEMENTS MARKET

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Oil Filter Elements Market Drivers:

  • Growing Vehicle Ownership: The increasing number of vehicles on the road, including commercial vehicles and passenger cars, is a significant driver for the oil filter elements market. As vehicle ownership rises globally, the demand for oil filters to maintain engine health and prolong engine life also increases.
  • Emphasis on Engine Performance and Longevity: Vehicle owners and manufacturers are increasingly focused on optimizing engine performance and ensuring the longevity of engines. Oil filter elements play a crucial role in filtering out contaminants, such as dirt, debris, and metal particles, from the engine oil. By keeping the oil clean, oil filters help protect the engine components, improve performance, and extend the engine's lifespan.
  • Stringent Emission Regulations: Governments and regulatory bodies worldwide have implemented strict emission regulations to reduce vehicle emissions and improve air quality. These regulations often require vehicles to have efficient and effective emission control systems, including advanced oil filters. Oil filter elements that can trap and remove harmful pollutants contribute to meeting these emission standards.
  • Technological Advancements: Technological advancements in oil filter element design and materials enhance their filtration efficiency and overall performance. Advanced filter media, such as synthetic fibers and nanofiber technology, offer superior filtration capabilities, higher dirt-holding capacity, and improved flow rates. The adoption of these advanced technologies drives the demand for upgraded oil filter elements.

Oil Filter Elements Market Opportunities:

  • Increasing Demand for Electric Vehicles: The growing adoption of electric vehicles (EVs) presents an opportunity for the oil filter elements market. While EVs don't require traditional oil filters, they still utilize specialized filters for components like battery cooling systems and cabin air filtration. As the EV market expands, the demand for these specialized filters will also increase.
  • Development of High-Efficiency Filters: There is an opportunity to develop and introduce high-efficiency oil filter elements that offer superior filtration performance. Innovations in filter media, such as nanofiber technology, can improve filtration efficiency, increase dirt-holding capacity, and extend service intervals. Manufacturers can capitalize on this opportunity by providing filters that offer better protection for modern engines.
  • Growth in Emerging Markets: Emerging markets, particularly in Asia Pacific, Latin America, and Africa, offer significant growth potential for the oil filter elements market. Rising disposable incomes, urbanization, and improving infrastructure are driving the demand for vehicles in these regions. As vehicle ownership increases, there will be a corresponding need for oil filter elements, presenting market opportunities for manufacturers and suppliers.
  • Expansion in the Commercial Vehicle Segment: The commercial vehicle segment, including trucks, buses, and construction equipment, represents a promising opportunity for the oil filter elements market. The growing logistics industry, infrastructure development projects, and increased construction activities drive the demand for commercial vehicles. With higher engine capacities and demanding operating conditions, commercial vehicles require robust oil filtration systems, creating a market for specialized filters.

Oil Filter Elements Market Report Coverage

Report Coverage Details
Base Year: 2022 Market Size in 2023: US$ 3.59 Bn
Historical Data for: 2017 to 2021 Forecast Period: 2023 - 2030
Forecast Period 2023 to 2030 CAGR: 5.9% 2030 Value Projection: US$ 5.36 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East & Africa:  GCC Countries, Israel,  South Africa, North Africa, and Central Africa and Rest of Middle East
Segments covered:
  • By Vehicle Type: Passenger Vehicles, Commercial Vehicles (Light Commercial Vehicles, Heavy Commercial Vehicles), Two-wheelers, Off-road Vehicles
  • By Fuel Type: Gasoline, Diesel
  • By Filter Type: Cartridge Oil Filters, Spin-On Oil Filters
  • By Material Type: Cellulose Filter, Synthetic Filter, Others (Glass, Metal, etc.)
  • By Sales Channel: OEM (Original Equipment Manufacturer), Aftermarket
  • By End User: Automotive, Industrial, Others (Marine, Agriculture, etc.)
Companies covered:

MANN+HUMMEL, Mahle GmbH, Denso Corporation, Robert Bosch GmbH, Donaldson Company,  Inc., Clarcor Inc. (Acquired by Parker Hannifin Corp), Sogefi SpA, Hengst SE, ACDelco (Subsidiary of General Motors), Cummins Inc., Fram Group, K&N Engineering,  Inc., Freudenberg Group, WIX Filters (MANN+HUMMEL), UFI Filters

Growth Drivers:
  • Growing Vehicle Ownership
  • Emphasis on Engine Performance and Longevity
  • Stringent Emission Regulations
  • Technological Advancements
Restraints & Challenges:
  • Market Saturation
  • Increased Engine Efficiency and Extended Oil Change Intervals
  • Growing Popularity of Electric Vehicles (EVs)

Oil Filter Elements Market Trends:

  • Shift towards Advanced Filtration Technologies: There is a growing trend towards the adoption of advanced filtration technologies in oil filter elements. Manufacturers are focusing on incorporating innovative filter media, such as synthetic fibers and nanofiber technology, to enhance filtration efficiency, increase dirt-holding capacity, and improve overall performance. These advancements allow for better engine protection and improved oil cleanliness.
  • Increasing Emphasis on Extended Service Intervals: Automotive manufacturers and consumers are increasingly seeking oil filter elements that can support extended service intervals. Advancements in filter media and design allow for filters that can effectively trap and retain contaminants for longer periods without compromising performance. This trend aligns with the goal of reducing maintenance costs and improving convenience for vehicle owners.
  • Growth of Eco-Friendly and Sustainable Filters: The market is witnessing a rise in demand for eco-friendly and sustainable oil filter elements. Manufacturers are focusing on developing filters with recyclable materials and reduced environmental impact. Additionally, there is a growing emphasis on filters that can remove harmful emissions and pollutants from engine oil, contributing to cleaner and more sustainable vehicle operation.
  • Expansion of OEMs in Aftermarket: Original Equipment Manufacturers (OEMs) are increasingly expanding their presence in the aftermarket segment for oil filter elements. OEMs are capitalizing on their brand reputation, expertise, and product quality to offer replacement filters directly to customers. This trend provides consumers with access to genuine OEM filters and strengthens OEMs' aftermarket market share.

Oil Filter Elements Market Restraints:

  • Market Saturation: The market for oil filter elements is relatively mature and highly competitive. Many established players and numerous aftermarket brands already exist in the market, leading to saturation. This intense competition can limit the growth opportunities for new entrants and put pressure on pricing and profit margins.
  • Increased Engine Efficiency and Extended Oil Change Intervals: Modern engines are designed to be more fuel-efficient and require less frequent oil changes. This can result in a reduced demand for oil filter elements as longer oil change intervals decrease the frequency of filter replacements. While this trend benefits vehicle owners in terms of cost savings, it can impact the aftermarket sales of oil filter elements.
  • Growing Popularity of Electric Vehicles (EVs): The rise in popularity of electric vehicles poses a challenge for the oil filter elements market. EVs do not require traditional oil filters as they utilize different technologies for power and propulsion. As the adoption of electric vehicles increases, the demand for oil filter elements is expected to decline in this segment of the automotive industry.

Recent Developments

New product launches

  • Mann+Hummel: Mann+Hummel, a leading filtration company, launched a new line of oil filter elements called "ProVent" in 2021. The ProVent oil filter elements are designed specifically for heavy-duty off-road and commercial vehicle applications. They provide excellent filtration efficiency and extended service life to ensure optimal engine protection.
  • Bosch: Bosch, a global automotive technology supplier, introduced the "Premium Oil Filters" range in 2021. These oil filter elements feature advanced filter media and innovative design to deliver superior filtration performance, reduce engine wear, and enhance overall engine performance.
  • WIX Filters: WIX Filters, a prominent manufacturer of filtration products, launched the "XP" series of oil filter elements. The XP series incorporates advanced synthetic media and enhanced design features to provide exceptional filtration efficiency, high dirt-holding capacity, and extended service intervals.

Acquisition and partnerships

  • Mahle's Acquisition of Delphi Technologies: In 2020, Mahle, a leading automotive parts manufacturer, completed the acquisition of Delphi Technologies, a global provider of advanced propulsion systems and aftermarket solutions. This acquisition expanded Mahle's product portfolio in the filtration segment, including oil filter elements, and strengthened its position in the market.
  • MANN+HUMMEL's Partnership with Ford: MANN+HUMMEL, a filtration company, entered into a strategic partnership with Ford in 2020. The partnership aimed to develop advanced filtration solutions, including oil filter elements, for Ford's vehicles. This collaboration allows MANN+HUMMEL to leverage its expertise in filtration technology and work closely with Ford to meet their specific requirements.
  • Cummins' Acquisition of Fleetguard: Cummins, a global power solutions provider, acquired Fleetguard, a leading manufacturer of filtration products, in 2018. This acquisition enabled Cummins to expand its filtration business and strengthen its presence in the oil filter elements market. It also allowed for synergies in product development and customer service.

Figure 2. Global Oil Filter Elements Market Share (%), by Type, 2023

OIL FILTER ELEMENTS MARKET

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Top companies in Oil Filter Elements Market

  1. MANN+HUMMEL
  2. Mahle GmbH
  3. Denso Corporation
  4. Robert Bosch GmbH
  5. Donaldson Company, Inc.
  6. Clarcor Inc. (Acquired by Parker Hannifin Corp)
  7. Sogefi SpA
  8. Hengst SE
  9. ACDelco (Subsidiary of General Motors)
  10. Cummins Inc.
  11. Fram Group
  12. K&N Engineering, Inc.
  13. Freudenberg Group
  14. WIX Filters (MANN+HUMMEL)
  15. UFI Filters

*Definition: Oil filter elements are filtration components designed to remove contaminants, such as dirt, debris, and metal particles, from engine oil in automotive and industrial applications. They play a crucial role in maintaining engine health and performance by preventing harmful particles from circulating through the engine, ensuring clean oil reaches critical engine components, and extending the lifespan of the engine.

Frequently Asked Questions

Market saturation, increased engine efficiency and extended oil change intervals, and the growing popularity of electric vehicles are key factors hampering the growth of the market.

The major factors driving the market growth are the rising demand for commercial vehicles and passenger cars, the adoption of advanced technologies like nanotechnology and ceramic filters, and the emphasis on engine performance and longevity.

The leading component segment in the Oil Filter Elements market is the full flow filters segment, which is the most commonly used type of oil filter.

Some major players operating in the market include MANN+HUMMEL, Mahle GmbH, Denso Corporation, Robert Bosch GmbH, Donaldson Company, Inc., and Clarcor Inc. (Acquired by Parker Hannifin Corp).

North America is expected to lead the market.

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